Mortgage Dictionary

Seller Carry Back 


An agreement in which the owner of a property provides financing, often in combination with an assumed mortgage.  

Stated/documented Income


Some loan products require only that applicants "state" the source of their income without providing supporting documentation such as tax returns.

Survey


A print showing the measurements of the boundaries of a parcel of land, together with the location of all improvements on the land and sometimes its area and topography.